Feb 22, 2013 12:00pm EST
with asean, singapore, japan and korea. and we're also in dialogue with the eu. we have been talking about a bilateral investment treaty, but not necessarily with a due sense of urgency. for meeting since negotiations started in 2007 does not suggest a great deal of haste. much as it might surprise, we want this as much as you did because it is also of interest to us. ladies and gentlemen, important as they are, market access issues, and goods and services, and i to be seen perspective for they can be made to define narrative. why we must work to sort out these challenges, it is not in our interest to let such issues define the relationship. this is why we have proposed to create an ad hoc clearinghouse mechanism to discuss market access issues in the trade policy forum. i believe that we also need to find a new positive narrative that can bind our countries closer together. one such opportunity i feel is in the energy sector. without a shirt access to energy inputs in sufficient quantities, we will not be able to sustain our economic development. therefore, an enduring in the u.s. partner
Feb 22, 2013 8:00pm EST
negotiations with europe on a u.s.-eu trade ownership. we could not agree more. let's hurry up and put american business to work. let's get these deals done. by the way, it is not just about asia. it includes all the coasts of the united states and canada and america. it is fascinating. we need to get this going and move that european deal. the working group is about to put out a report. i think it will probably sustain the best teams we can think about. let me give you this in a minute. europe is in a slow economy. europe is our largest export partner. europe is china's largest export your. china is our fastest growing export partner. if europe goes into the can, the whole triangle goes in the can. that is a bad idea. this would be huge on both sides of the pond. there are a lot of big trade agreements that have been talked about or a long time. these would put cash on the table right now. it is important that we welcome global investment. we want people to bring their cash here. come here and invest or come here and visit. the terrorism is a great way -- tourism is a great way. we like that.
Feb 22, 2013 2:00pm EST
of say, how about the last few years? the u.s. emissions are down, i think 8%. e.u. emissions are down 9%. chinese emissions are up 30%. look at where the coal is being burned. i think in five years india is supposed to become the second largest burner of coal right behind china. the gobal picture -- if the national one isn't enough to make you cry, think globally about where we're going. so that's the crying part. you asked me for bright spots. there are actually are some, so relax. the new car standards will double fuel economy by 2025. california is moving ahead and it is a real bright spot. they are strengthening their targets, that's a bright spot. they got a plan, they have a program, south korea is thinking about instituting emissions trading. china has seven experiments around the country looking at emissions trading. you see some signs then you have these big looming clouds. we have to find a way to get through this and, god, i hope you're not looking for me for all the answers. it isn't all bleak but people better get on to it and get on to it really fast. otherwise it will get